Hills Bancorporation files DEF 14A for fiscal year ending December 31, 2023.

TL;DR

<b>Hills Bancorporation has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023, detailing executive compensation and equity award information.</b>

AI Summary

HILLS BANCORPORATION (HBIA) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. Hills Bancorporation filed a DEF 14A with the SEC on March 15, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 131 Main St, Hills, IA 52235. Hills Bancorporation is classified under SIC code 6022 (State Commercial Banks). The filing includes data on equity awards granted, unvested, vesting, and forfeited for PEO and Non-PEO members from 2020 to 2023.

Why It Matters

For investors and stakeholders tracking HILLS BANCORPORATION, this filing contains several important signals. This DEF 14A filing provides crucial details on executive compensation, including equity awards, which are important for shareholders to understand how management is incentivized. Shareholders can use this information to evaluate the company's governance practices and make informed decisions regarding executive pay and company strategy.

Risk Assessment

Risk Level: low — HILLS BANCORPORATION shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Shareholders should review the executive compensation details and equity award grants to assess alignment with company performance and long-term strategy.

Key Numbers

• 2024-03-15 — Filing Date (CONFORMED SUBMISSION TYPE: DEF 14A)
• 2023-12-31 — Fiscal Year End (FISCAL YEAR END)
• 2020-01-01 — Data Start Year (Equity Awards Data Range)
• 2023-12-31 — Data End Year (Equity Awards Data Range)

Key Players & Entities

• HILLS BANCORPORATION (company) — FILER
• 0000732417 (company) — CENTRAL INDEX KEY
• 6022 (regulator) — STANDARD INDUSTRIAL CLASSIFICATION
• IA (company) — STATE OF INCORPORATION
• 131 MAIN ST (company) — BUSINESS ADDRESS STREET 1
• HILLS (company) — BUSINESS ADDRESS CITY
• IA (company) — BUSINESS ADDRESS STATE
• 52235 (company) — BUSINESS ADDRESS ZIP

FAQ

Industry Context

Hills Bancorporation operates as a commercial bank, a sector subject to significant regulatory oversight and market dynamics.

Regulatory Implications

As a commercial bank, Hills Bancorporation is subject to regulations from various federal and state agencies, including those related to capital requirements, lending practices, and consumer protection.

What Investors Should Do

1. Review the detailed breakdown of executive compensation and equity awards for PEO and Non-PEO members.
2. Analyze the vesting and forfeiture rates of equity awards to understand executive retention and performance incentives.
3. Compare executive compensation trends over the past four fiscal years (2020-2023) as presented in the filing.

Key Dates

• 2024-03-15: Filing of DEF 14A — Covers fiscal year ending 2023-12-31 and provides executive compensation details.

Year-Over-Year Comparison

This filing is a DEF 14A, which typically follows a standard format. Specific comparative data from the previous filing (e.g., 2023 DEF 14A) is not directly available in this extract, but the equity award data spans multiple years.

Filing Documents

• hbia-20240315.htm (DEF 14A) — 692KB
• hbia-20240315_g1.jpg (GRAPHIC) — 1133KB
• hbia-20240315_g2.jpg (GRAPHIC) — 882KB
• 0000732417-24-000012.txt (&nbsp;) — 6601KB
• hbia-20240315.xsd (EX-101.SCH) — 4KB
• hbia-20240315_def.xml (EX-101.DEF) — 4KB
• hbia-20240315_lab.xml (EX-101.LAB) — 6KB
• hbia-20240315_pre.xml (EX-101.PRE) — 4KB
• hbia-20240315_htm.xml (XML) — 191KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 16 DELINQUENT SECTION 16(A) REPORTS 18 COMPENSATION AND INCENTIVE STOCK COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 18 COMPENSATION DISCUSSION AND ANALYSIS 19 COMPENSATION AND INCENTIVE STOCK COMMITTEE REPORT 24 SUMMARY OF CASH AND CERTAIN OTHER COMPENSATION PAID TO THE NAMED EXECUTIVE OFFICERS 25 RISK MANAGEMENT AND COMPENSATION POLICIES AND PRACTICES 32 AUDIT COMMITTEE 32 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 33 PROPOSALS BY SHAREHOLDERS 33 BOARD NOMINATING PROCESS 33 COMMUNICATION WITH THE BOARD OF DIRECTORS 35 AVAILABILITY OF FORM 10-K REPORT 35 OTHER MATTERS 35 2 HILLS BANCORPORATION 131 E. Main Street, PO Box 160 Hills, Iowa 52235 PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS To Be Held on April 15, 2024 This Proxy Statement is furnished to shareholders of Hills Bancorporation (the "Company") in connection with the solicitation of proxies by the Board of Directors of the Company for the Annual Meeting of Shareholders to be held at the Hills Community Center, 110 E. Main Street, Hills, Iowa, on Monday, April 15, 2024, at 4:00 p.m. (Central Time), and any adjournments thereof. This Proxy Statement and form of Proxy enclosed herewith are first being sent to the shareholders of the Company entitled to vote at the Annual Meeting on or about March 15, 2024. General Information about the Meeting and Voting Securities and Procedures Who may vote at the meeting? The Board of Directors has fixed the close of business on March 1, 2024 as the record date for the determination of shareholders who are entitled to notice of and to vote at the meeting. You are entitled to one vote for each share of common stock you held on the record date, including shares: held directly in your name; and/or held for you in an account with a broker, bank or other nominee (shares held in "street name"). How many shares must be present to hold the meeting

View Full Filing

View this DEF 14A filing on SEC EDGAR